CALCMONEY // HOME AFFORDABILITY // HI // KANEOHE
How much house can you afford in Kaneohe? Based on local median home prices, current HI mortgage rates, and Kaneohe property tax data.
$832,000
$5,111/mo
$219,038/yr
$304,296
Monthly housing costs of $5,111 represent 64.6% of Kaneohe's median gross monthly income ($7,917/mo). At 64.6%, median-income buyers in Kaneohe are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $832,000 |
| Down Payment (20%) | $166,400 |
| Loan Amount | $665,600 |
| Monthly PI Payment | $4,563 |
| Monthly Property Tax | $201 |
| Monthly Insurance Est. | $347 |
| Total Monthly PITI | $5,111 |
| Housing Cost % of Income | 64.6% |
| Required Income (28% rule) | $219,038/yr |
| Max Affordable Home | $304,296 |
$29,120
$6,621/mo
Kaneohe Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $832,000 | Kaneohe city median |
| Down Payment (20%) | $166,400 | Conventional loan |
| Monthly PITI | $5,111 | 7.3% rate, 30yr fixed |
| Required Income (28% rule) | $219,038 | Annual gross |
| Max Affordable Home | $304,296 | Based on median income |
| FHA Down (3.5%) | $29,120 | Minimum FHA |
| Housing Cost % of Income | 64.6% | Median income: $95,000/yr |
| Property Tax Rate | 0.29% | $2,413/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Kaneohe is $832,000, with a local 30-year mortgage rate of 7.3%. A buyer putting 20% down carries a loan of $665,600, generating a monthly P&I payment of $4,563. Adding property taxes ($201/mo) and homeowners insurance ($347/mo) brings total monthly PITI to $5,111.
Kaneohe's property tax rate of 0.29% is among the lower rates in the country, which improves overall affordability by keeping total PITI closer to the principal and interest payment alone. On the Kaneohe median home, that is $201/month, or $2,413 per year.
Hawaii levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Kaneohe should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Kaneohe's median income of $95,000/year can afford up to $2,217/month in total housing costs. Based on Kaneohe's mortgage rate of 7.3% and property tax rate of 0.29%, that translates to a maximum affordable home price of approximately $304,296 with 20% down on a 30-year loan.
To afford the median Kaneohe home priced at $832,000, you need an annual gross income of approximately $219,038. Total monthly housing costs (principal and interest of $4,563, property taxes of $201, and insurance of $347) come to $5,111/month, which equals 28% of the required income.
At the median home price of $832,000 and median household income of $95,000, the total monthly housing cost of $5,111 represents 64.6% of gross monthly income. This is well above the standard 28% threshold, making Kaneohe a challenging market for buyers at median income.
A conventional 20% down payment on the median Kaneohe home of $832,000 is $166,400. An FHA loan requires just 3.5% down — $29,120 — but adds mortgage insurance of roughly $569/month, bringing total FHA payments to $6,621/month.